Can’t Find Good Help Anymore (JJ 605)

Can't Find Good Help Anymore Transcript:  Jack Butala:                       Jack Jill here. Jill DeWit:                           Good day. Jack Butala:                       Welcome to the Jack Jill show, it's here that we provide entertaining real estate and investment advice. I'm Jack Butala. Jill DeWit:                           And I'm Jill DeWit broadcasting from sunny Southern California. Jack Butala:                       Today Jill and I talk about why you can't find good help anymore, specifically, why can't we? Or can we? Jill DeWit:                           This is going to be good, starting with us. Just kidding. Jack Butala:                       We're your help actually, listeners, and you can't- Jill DeWit:                           We're stuck with each other so let's talk about that for awhile. Jack Butala:                       Before we get into it, let's take a question posted by one of our members on the jackjill.com online community, it's free. Jill DeWit:                           Solomon O. asks, "Hi all. I'm currently in acquisitions for a real estate investment company that focuses on repositions (trying to improve the performance of an asset, example apartments) and development of residential and apartments." Jack Butala:                       Hold on Jill, this is a good question this guy's got and a good comment, but repositioning an asset is this, you take an apartment building that's maybe, I don't know, leftover from the '80s or '90s, got good occupancy and a good location. You buy it, you either kick everybody out or you send them a notice and say, "We're raising your rent," and a certain number of people leave. And then let's say they reposition the asset, the owner does, where they accept pets or they make it look ... Bring it up to date, so they can put new stoves in or appliances and they can reposition the asset in the environment that it's in, and then make it generate more money. Jill DeWit:                           Got it. "The paydays are huge, similar to the position of Jack," love it, "The process is a [inaudible 00:01:44] with lots of ifs, ands, and buts, all of which can make the deals go sideways." Jack Butala:                       Lots of variables. Jill DeWit:                           True. Which I understand too, you're not sure, "Can I get this much out of it if I redo the kitchen?" That kind of thing. "Although I have some experience in land acquisition, I'm brand spanking new to finding unwanted land and trying to flip it for more. Most of the owners I chase have been flooded with mailers asking them to sell. To cut through the noise, I get on the phone and contact the owners directly, but still a very cutthroat business. Outside of listening to the podcast and reading the forums, what kind of action can I take today to get the ball rolling in my favor? I have posted on Craigslist as shown on the free ebook pdf, but I'm not sure what the next step is. Thanks to all that reach out." Jack Butala:                       That's a good question from a clearly accomplished, intelligent- Jill DeWit:                           Real estates. Jack Butala:                       ... real estate person. Jill DeWit:                           Mm-hmm (affirmative), doing a different- Jack Butala:                       What do you think? Jill DeWit:                           Doing a different asset. Jack Butala:                       You talk to people all the time Jill, that are just like this. What's your advice? Jill DeWit:                           Send more mail. Let's talk about this. Jack Butala:                       He's not in our group. Jill DeWit:                           Okay, got it. That could be it. So the only time I run into the first thing, that I've heard of running into the first thing I should say, which is people flooded with mailers. Jack Butala:                       He's not talking ...